GOLD 4H (near the important area)
GOLD
OUTLOOK
Gold prices fell on Tuesday as the dollar benefited from higher Treasury yields and economic concerns in China, while markets now awaited US retail sales data that may shed light on the impact of higher interest rates on consumer spending.
Currently , the price trade near the important support zone which is 1895 - 1902 area which could significantly influence the further path of gold price movement, which could lead to either a deeper correction to 1886 and 1865
Other wise the 1895 - 1902 area it is strong support zone consolidation above it will help the price to build a positive momentum and it could lead the price price towards 1912 and 1922
today news will affect the market
support line : 1902 , 1895
resistance line : 1912 , 1922
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OUTLOOK
Gold prices fell on Tuesday as the dollar benefited from higher Treasury yields and economic concerns in China, while markets now awaited US retail sales data that may shed light on the impact of higher interest rates on consumer spending.
Currently , the price trade near the important support zone which is 1895 - 1902 area which could significantly influence the further path of gold price movement, which could lead to either a deeper correction to 1886 and 1865
Other wise the 1895 - 1902 area it is strong support zone consolidation above it will help the price to build a positive momentum and it could lead the price price towards 1912 and 1922
today news will affect the market
support line : 1902 , 1895
resistance line : 1912 , 1922
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
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